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significant adjustments. >> that was president-elect obama in 2008 on the coming bailout of the auto industry. significant adjustments including the bankruptcy of general motors days after my next guest landed in the driver's seat at g.m. ed whitaker knew nothing about the car business before serving as chairman and ceo oh of gm 2009 and 2010. a story he tells in "american turnaround." great to have you here. >> great to be here. >> what a great read. your book has terrific lessons. you say it's not magic, it's management. businesses aren't democracies. what did your role in the bailout in such a challenging time for the country teach you about managing and management? >> i have always thought management was responsible for what happened. this taught me once again that's a true statement. spimt's about leadership. >> the lead. >> what were the big problems at gm that you could not have known br you arrived in detroit? >> i thought gm had a vision. but when i got there i found out they didn't. i thought it was very important we establish a vision which we did early on oh which was to design, b
, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunity for the market to give half of that back. so we've had a 6% rally. why not, you know, reclaim three of that percent over the course of the next few weeks. >> do you feel like we're acting a bit bullish with regard to the markets? i get the feeling it's more buying from kaufton as opposed to selling at this point, right? >> i think that's right. first of all, you've approached a couple of psychological hurdles on the dow and the s&p. we've seen what earnings season is going to give us. we're approaching the sequester cuts on march 1st and there is an increasing belief that they're going to be triggered. and so when you add on to that the fact that payroll taxes went up and the economy is going to be pretty sluggish here in the first half of the year. so i agree with phil that we're probably going to gi
coming at us. we got dodd-frank, which isn't out yet, really. and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing better than the rest of th
increases as part after deal it avoid the he is quester. two economic officials from the obama administration saying it would result in 70,000 kids being thrown off of head start in a couple of thousand fewer food inspectiones. 373,000 fewer mental health patient treated. 540 million in smaller loan guarantee. 600,000 fewer women and children receiving food assistance. this is putting pressure on congress to act because many republicans expressed the idea they could let the budget sequester take effect. some democrats suggested that is not so terrible from their point of view too. white house is trying it make a counter argument. we will see over the next couple of weeks since tsequester is du to take effect. >> how effective is this, john? we have seen the white house before where they put out the worst case scenario where they try to force things along against republican answers in some cases it backfired. what do you think this time? >> it backfired at certain times. this is a moment where the white house believes the president still has wind at his back from the election re
on that poll want the cuts, john. >> that is the sign of the argument obama wants to press. when go beyond the general idea of cutting spending and talk about the specifics, that's where it gets difficult. if you talk about cutting spending on, say, medicare or social security, the public says overwhelmingly, absolutely, don't do that. that's why the sequester cut don't affect the programs in a significant way. looking at law enforcement, border enenforcement, health care, education, there you have the possibility that the public is going too see impacts from the sequester cuts, layoffs and ultimately squawk in a way, maybe not medicare social security level but enough to make congress change. >> fly xbrifrs the military as we now learned. john, thank you vet. john harwood in washington. >>> jc penney seek the biggest sales drop since ron johnson announced that transformation plan 13 months ago. shares down 21%. we have an analyst who has a buy rating on the stock. what's behind his call? that's coming up next. >>> before we go to break, fortune is out with its list of the top 50 most admi
of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the multinational companies are thinking, looks like rates going you up, auctioned off ten-years, 24 billion. there's a rogue, a new guy on the block. it distorts it a bit. you can see we're coming back down. these yields on this new guy, still a good chance we'll settle above 201.5 close, going back to early april. if you look at a two-day chart of the boone, you can see dynamics in place, about face, suggestion of data, weaker data showed up in the marketplace. look at spain, this is really interesting. a two-week chart of spain basically, wow, these yields are really going down. are even the southern countries have their funding issue fixed now beco
Search Results 0 to 5 of about 6